Word: danforth
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Acknowledging the political impossibility of its task, the bipartisan presidential commission charged with figuring out how to reform taxation and reduce the growth of federal entitlements ended its 10 months of study with no agreement and no plan of action. The commission, headed by Senators Bob Kerrey and John Danforth, had been set up as part of the 1993 budget agreement...
...expert testimony gathered by the Bipartisan Commission on Entitlement and Tax Reform. The panel is scheduled to submit recommendations to the President this week. But the commission's chairman, Senator Bob Kerrey, a Nebraska Democrat, already stirred the pot last Friday when he and panel vice chairman John Danforth of Missouri, a retiring Republican Senator, proposed further reforms by raising the retirement age to 70, cutting the payroll-tax rate and requiring workers to invest the savings. Any money saved by such reforms could be used to reduce the budget deficit. But Washington politicians will be more tempted...
Kerrey and the commission staff have laid down a goal of keeping the budget deficit in check over the next 35 years, which requires action now to avert a looming entitlements-spending explosion. That goal is proving elusive. Kerrey and Danforth introduced their own proposal only to reveal wide splits among the 32 committee members. Those members range from Richard Trumka, president of the United Mine Workers, who criticized the Kerrey-Danforth proposal for relying too heavily on cutting benefits and not enough on tightening tax subsidies, to Representative Bill Archer, the Texas Republican who next month will assume...
...KERREY FAVOR: A federal deficit-cutting commission today refused to endorse a controversial plan by its co-chairmen, Sens. Bob Kerrey (D-Neb.), and John Danforth (R-Mo.), to avert a long-term federal budget crisis by privatizing Social Security. Instead, the 32-member Bipartisan Commission on Entitlement and Tax Reform more vaguely recommended in a letter to President Clinton that "tough action is needed sooner rather than later" -- and that major spending cuts and tax choices be decided based on their impact over 30 years, not the current politically-charged 5-year window. The Kerrey-Danforth package, which raised...
...John Danforth...